Stock Watch: E*Trade Suffers in Technology Rout

E*Trade Group, Inc. ended Tuesday at 24 3/8, down 3 1/4, as the day’s early rout in technology issues caused concern about trading profits. Banking and brokerage stocks, which have benefited from the run up in Internet-related shares, were also hit hard.

The Nasdaq index ended at 4148.89, down 74.79, after plunging more than 574 points earlier in the day. The Dow Jones Industrial Average ended down 57.09 at 11164.84, after being down 503 points. Reports said margin calls at banks and brokerages like E*Trade were much higher than normal.

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